There are different challenges a non-profit organization face, although I believe that those same challenges are faced on for profit organization either at the same level or very similar. Trust is an issue that both non-profit and for profit organizations will encounter at some point in their business and therefore they would need to be as transparent as possible. Transparency entitles you to provide clear statements of where your money goes, how it is utilized in your organization, and how it is making your organization accomplish their goals. It is not the only thing that is necessary to make the stakeholders, other business, employees or anyone interested in other business to trust in your organization. For a non-profit organization trust is a key element to engage volunteers, donors and other business; without trust chances are that the organization might fail to achieve their mission. Trust is acquire by performing the goals you have set for your mission and not deviating from it, at least not too far from achieving the organizations goals either for non-profit or for profit organization. It is also important to have a plan (Taylor-Hamm) in case there is a catastrophic event that might jeopardize your organization, it will help you foresee adverse situations and you will be better prepared in case your first plan fails.
Performance challenges are faced in the same manner on both types of organizations non-profit and for profit organization. However they might be measured in a different way due to the different types of mission they have set for themselves and the different outcome they might expect. There are different ways that a manager can measure the work performance of their employees, by what they produce, by the amount of hours they send producing it, just to name a few.
Now when we talk about the workforce challenges, both types of organizations need to address different challenges that may come up due to economy situations like a recession. For example the non-profit organization might have a better opportunity re-cluting new volunteer in that type of situation due to the lack of jobs. Now on the other hand for a for profit organization they would have to put any hiring on hold due to the lack of funds or the lack of profits (in class).
There is another similar challenge between a non-profit and a for profit organization and that would be the competition. Each one of them has to seek a market for their product, the have to have a strategy plan and most likely a back up plan to help them get a economic advantage over other organizations. You see just because the mission of a non-profit organization might differ that of a for profit organization does not mean that they can not follow the strategies of a regular business (in class).
Waste…..read the book to find out what else I can put in this section
b) Working at Community Food Bank gave me some type of knowledge on how they might rank these 5...